English  |  正體中文  |  简体中文  |  Post-Print筆數 : 11 |  Items with full text/Total items : 89686/119522 (75%)
Visitors : 23946611      Online Users : 151
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/64561

    Title: Conversion and Efficiency Performance Changes: Evidence from the U.S. Property-Liability Insurance Industry
    Authors: Chen,Lih-Ru;Gene C. Lai;Jennifer L. Wang
    Contributors: 風管系
    Keywords: demutualization;efficiency;DEA;property-liability insurers
    Date: 2011-06
    Issue Date: 2014-03-11 17:12:23 (UTC+8)
    Abstract: This study investigates whether the converting U.S. property-liability insurers improve their efficiency performance before and after the conversion. The evidence shows that converting insurers experience larger gains in cost efficiency scores and total factor productivity change than mutual control insurers before the conversion when the value-added approach is used. On the other hand, converting insurers experience deterioration in cost efficiency scores and total factor productivity change relative to mutual control insurers before the conversion when the financial intermediary approach is used. The two seemly contradictory results may be complementary because the outputs and inputs of the two approaches are different. The empirical evidences of the value-added approach and the financial intermediary approach indicate converting insurers experience improvement in their efficiency relative to mutual control insurers after the conversion. The results are robust with respect to cost efficiency scores and total factor productivity change. These overallresults support the efficiency hypothesis. The regression evidence also shows that converting insurers outperform their mutual control insurers in cost efficiency after conversion using the both approaches.
    Relation: The Geneva Risk and Insurance Review, 36, 1-35
    Data Type: article
    Appears in Collections:[風險管理與保險學系 ] 期刊論文

    Files in This Item:

    File Description SizeFormat
    135.pdf296KbAdobe PDF981View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback